BP tallies up claims made by state and local governments on the Gulf coast for economic and...

BPtallies up claims made by state and local governments on the Gulf coast for economic and property damages from the Macondo oil spill, and believes the $34B in claims is "substantially" overstated. BP says proving a loss of tax revenue by local governments would be difficult given its response to the spill led to 40K people being hired and more taxes paid. Local reaction: BP has been "incredibly difficult to deal with."